Crypto wallet company Exodus to acquire W3C Corp for $175 million

According to Foresight News, CoinDesk reported that US-listed crypto wallet company Exodus Movement (stock code EXOD) will acquire W3C Corp for $175 million. The company is the parent company of crypto card and payments companies Baanx and Monavate. The acquisition was funded by cash reserves and financing provided by Galaxy Digital, which was secured by Bitcoin held by Exodus. Following the acquisition, Exodus will own the underlying card and payments infrastructure, be able to issue payment cards through networks such as Visa, Mastercard and Discover, and expand its reach into the US, UK and EU. Exodus CEO JP Richardson said the deal is expected to close in 2026, subject to customary adjustments and approval processes.

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